MML Investors Services LLC Sells 315 Shares of Azenta, Inc. (NASDAQ:AZTA)

MML Investors Services LLC decreased its holdings in shares of Azenta, Inc. (NASDAQ:AZTA) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,129 shares of the company’s stock after selling 315 shares during the quarter. MML Investors Services LLC’s holdings in Azenta were worth $248,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Hantz Financial Services Inc. purchased a new stake in shares of Azenta during the 2nd quarter valued at about $30,000. Farther Finance Advisors LLC raised its position in Azenta by 20.0% during the third quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company’s stock valued at $74,000 after purchasing an additional 256 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Azenta by 150.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,588 shares of the company’s stock valued at $84,000 after purchasing an additional 955 shares during the last quarter. Net Worth Advisory Group bought a new position in shares of Azenta during the 3rd quarter valued at approximately $205,000. Finally, Aigen Investment Management LP purchased a new stake in Azenta during the 3rd quarter valued at $214,000. Institutional investors own 99.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI dropped their price objective on shares of Azenta from $53.00 to $50.00 and set an “in-line” rating for the company in a research note on Tuesday, October 1st. Stephens raised shares of Azenta from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $50.00 to $60.00 in a research report on Wednesday, December 18th. Finally, Needham & Company LLC dropped their target price on Azenta from $69.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Azenta Trading Up 0.4 %

NASDAQ AZTA opened at $50.25 on Thursday. Azenta, Inc. has a 12 month low of $38.82 and a 12 month high of $69.16. The company’s 50-day moving average price is $45.11 and its 200-day moving average price is $49.37. The stock has a market cap of $2.30 billion, a PE ratio of -16.92 and a beta of 1.49.

Azenta (NASDAQ:AZTA) last issued its earnings results on Tuesday, November 12th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The business had revenue of $170.00 million for the quarter, compared to analyst estimates of $169.66 million. Azenta had a negative net margin of 25.01% and a positive return on equity of 1.03%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. As a group, sell-side analysts forecast that Azenta, Inc. will post 0.41 earnings per share for the current year.

Insider Buying and Selling at Azenta

In other news, CFO Herman Cueto sold 1,595 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $43.68, for a total value of $69,669.60. Following the completion of the sale, the chief financial officer now owns 24,604 shares in the company, valued at approximately $1,074,702.72. The trade was a 6.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William L. Cornog purchased 12,500 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $39.60 per share, with a total value of $495,000.00. Following the transaction, the director now directly owns 14,755 shares in the company, valued at approximately $584,298. This trade represents a 554.32 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 3,018 shares of company stock valued at $126,689 in the last ninety days. Corporate insiders own 10.62% of the company’s stock.

Azenta Profile

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.